May 15, 2012

The Better Business Bureau of Saskatchewan been receiving inquiries from consumers who have been contacted by debt relief services promising to lower rates and help with their debt.

BBB Saskatchewan has some tips to help consumers separate legitimate credit counselling services from scams:

May 11, 2012

Some people claim that the worst is over, that we’ve all seen the light and are on the road to debt freedom. In a Vancouver Sun article yesterday the banks have joined the chorus singing praises to Canadians for hunkering down to cool their debt obligations. The banks use the slow down in the economy as a reason not to raise interest rates. This is the reason people are borrowing less.

May 9, 2012

The Ontario Government’s Ministry of Consumer Services is the latest government body to issue a consumer alert “warning consumers to exercise caution when considering a contract for debt settlement services.” They warn that “complaints about companies offering debt settlement services are increasing,” and “most of the complaints are about unclear or misleading contracts, excessive fees, and failure to reduce debts as promised.”

May 3, 2012

One of those rare moments happened yesterday in the Vancouver Sun when the B word was mentioned - B for (whisper) bankruptcy. The rich and famous were put on public exhibition for their financial misdeeds, sort of like a modernized pillory intended to inflict maximum humiliation.

It was announced that NBA star Dennis Rodman was broke and faced jail time if he didn’t make his payments.

April 26, 2012

The Zombie Debt phenomenon as it has recently been called by some accordingly includes significant investors who buy old debt and rely on the consumer’s ignorance of the law to pay – especially a debt that may no longer be enforceable or was never a lawful debt obligation to begin with. This is getting up there with the subprime fraudsters of US fame who pushed the debt envelope a bit too far.

Remember, if you are experiencing financial difficulties do not wait. Call Solutions Credit Counselling at 1(877)588-9491 or fill out our Debt Consolidation Questionnaire and get your Free Credit Counselling Advice today.

For more information visit Debt Canada - your Canadian credit education centre.

If you are a woman in debt, speak with Women and Money first. We specialize in helping women with their personal and business financeMoney management advice you can count on!

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